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The Cleveland Cleveland Fabricate steel compility in Cleveland, Ohio, October 20, 2024.
Dustin Franz | BLOOMberg | Getty images
The important steel stocks jumped on Monday after President Donald Trump Hiffs Legated to the metal.
The niner company actions Cleverland-class hang out about 22% after the announcement while Dili in steel jumped over 13% and Nucor was more than 12%. The one’s Vaneck steel etf (slx) Roses more than 3%.
Trump said that Friday at a rally Pennsylvania him Double rates on steel imports To 50% by 25%, a move that and holding in trade again and dismount criticism from global partners.
“We are impossed to an increase in 25% to 25% to 50% – steel seagulls in the US I’m sure to the US EILICE,” Trump said.
Steel bags surge
Europe replied to the highest fees by saturday “Trump Shooting” to reach a negotiated solution “and that” the European Union is willing to impose Contractorship. “
Trump on Friday also salty what you called a “Blockbuster Agreement between Steel and Steel Steel Steel Agreement and Steel Niel
He. He promised During the Rally that US Steel would be “controlled by the USA” and that would not be layoff. But Trump has little fat to call the agreement, saying the “partnership” will create at least 70,000 jobs in the US Economy.